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Small Business Concessions
The ATO has recently issued a reminder that small business owners may be eligible for concessions on the amount of tax they ultimately pay.
Support Available for Businesses Experiencing Difficulties
By paying their tax bill in full and on time, taxpayers can avoid paying the general interest charge ('GIC'), which is currently 11.34%, and which accrues daily for any overdue debts.
The ATO advises taxpayers that, if their business is dealing with financial difficulties, there are some options to help make their tax bill "less taxing".
ATO Offers Support For Small Businesses Going Through Difficult Times.
Helping Small Businesses To Get Back On Track: A blog about the ATO's Taxpayer Assistance Program and what it offers to small businesses.